Vecsey has had more scoops over his career than anyone other than Burt Baskin and Irv Robbins, and time will tell if this one is on the money.

But a deal is in place for the Sacramento Kings to be sold to an ownership group that will move the team to Seattle and adopt the SuperSonics nickname that was given up by Clay Bennett and his co-owners when they moved the old Seattle franchise to Oklahoma City and re-christened it the Thunder.

The NBA issued a statement this morning: “The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen. The proposed transaction is subject to the approval of the NBA Board of Governors and has been referred to the Board’s committee process for review.”

The relocation is far from a done deal, but the wheels are in motion. More details after the jump — including LeBron James’ reaction.